Pakistan receives first tranche of $1026.m from IMF
KARACHI: Following the approval of the IMF Executive Board of 37-month Extended Fund Facility amounting to US$7 billion, State Bank of Pakistan (SBP) has received the first tranche of SDR 760 million (equivalent to USD 1026.9 million) from the IMF on Friday. These inflows will be reflected in SBP liquid reserves to be released on … Read more